78 Askew Road

For Sale

Freehold Mixed Use Investment For Sale

LOCATION

Shepherds Bush is an affluent and popular inner London suburb situated approximately 5 miles west of Central London. The area benefits from excellent communications being situated between the A40 (Westway) and the A4 (Great West Road) as well as having the Underground services at Shepherds Bush (Central Line and Overground) and Stamford Brook (District Line) among others. Askew Road is an established retail location to the west of Shepherds Bush and north of Ravenscourt Park. The property is situated on the west side of Askew Road in a vibrant local shopping parade with several national occupiers including Sainsburys Local, Co-operative Food Store, Costa Coffee, William Hill & The Post Office and an eclectic mix of local trader’s including café’s, dentist, butchers, funeral directors and estate agents.

KEY POINTS

• Attractive four storey terraced building
• Rare opportunity to acquire a well located mixed use investment in an affluent and popular inner London suburb
• Freehold
• Ground and lower ground floor trading as a glazier who is currently holding over paying a rent of £15,000 pa.
• Self contained residential upper part comprising a 2 bedroom maisonette in excellent condition
• Offers in the region of £790,000

Description

The property is a Victorian mid-terrace building of brick construction arranged over lower ground, ground and two upper floors.

The retail unit which is occupied as a glazier is arranged over the ground and lower  ground floors.  The lower ground floor is currently used as storage space.  The 1st and 2nd floors comprise a valuable two-bedroom self-contained maisonette in excellent condition with a separate rear ground floor entrance.  The flat is accessed via the rear with its own gated access.

Tenancies

The basement and ground floor the tenant Askew Glass Ltd is currently holding over paying a rent of £15,000 per annum.  The maisonette is let on 1 year AST paying £18,200 per annum which has recently expired.  The total current income is £33,600 per annum.  We have been informed by the vendor vacant possession can be obtained on the whole property.

Tenure

Freehold.

VAT

The property has not been elected for VAT.

EPC

The commercial unit has an EPC rating of C74 and the residential accommodation has
an D66 EPC rating.  A copy of both EPCs are available on our website.

Proposal

We are instructed to seek offers in the region of £790,000 (Seven Hundred and Ninety Thousand Pounds) subject to contract for the freehold interest.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.